NEW YORK, NY / ACCESSWIRE / January 16, 2019 /U.S. markets rose on Tuesday as Netflix helped push the tech sector higher after announcing it would raise the price of its monthly membership. Tech giants Alphabet, Amazon, Apple and Facebook all saw gains of over 2 percent on Tuesday. The Dow Jones Industrial Average jumped 0.65 percent to settle at 24,065.59, while the S&P 500 hiked 1.07 percent to close at 2,610.30. The Nasdaq advanced 1.71 percent to settle at 7,023.83.
"Investors will likely view this above-Street estimate increase quite positively, bolstering confidence in subscriber trends, pace of revenue growth and ability to achieve guidance for margin gains," said Credit Suisse analyst, Doug Mitchelson.
The Market Edge Initiates Coverage on:
Dynavax Technologies Corporation
Tyme Technologies, Inc.
Dynavax Technologies’ stock jumped 11.48% Tuesday, to close the day at $12.04. The stock recorded a trading volume of 1,444,384 shares, which was above its three months average volume of 1,216,403 shares. In the last year, Dynavax Technologies’ shares have traded in a range of 7.85 - 22.80. The share price has gained 53.38% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $10.29 is below its 200-day moving average of $12.17. Shares of Dynavax Technologies have gained roughly 13.37 percent in the past month and are up 31.58 percent year-to-date.
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On Tuesday, shares of Tyme Technologies recorded a trading volume of 4,543,730 shares, which was above the three months average volume of 777,638 shares. The stock ended the day 46.34% higher at $3.60. The share price has fallen 48.57% from its 52 week high with a 52 week trading range of 1.93 - 7.00. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $3.45 is above its 200-day moving average of $2.73. Shares of Tyme Technologies have fallen roughly 6.74 percent in the past month and are down 2.44 percent year-to-date.
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